US Under Secretary of Commerce visits Louisville in effort to create new jobs

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by WHAS11

WHAS11.com

Posted on February 19, 2013 at 6:46 PM

Updated Tuesday, Feb 19 at 7:01 PM

(WHAS11) -- In an effort to create new jobs in Kentucky the city of Louisville played host to a special guest on Tuesday.

Mayor Greg Fischer welcomed the U.S. Under Secretary of Commerce, Francisco Sanchez, at UPS Worldport on Tuesday. Sanchez was here to sign an agreement to grow exports in the state.

Louisville and Lexington have created a partnership with the federal government with the goal of increasing exports by 50 percent. In turn that will create new jobs.

 “I start with the idea that you can't look at your market anymore as within a community or state, or within the country. 95 percent of the world's consumers live outside the United States. 95 percent!” Francisco Sanchez, Under Secretary of Commerce, said.

Sanchez points to a company based in Russell Springs, Ky. called Superior Battery as an excellent example.

Five years ago, Superior Battery got 3 percent of their revenue from exports. Now, it's up to 35 percent and 50 to 60 of their employees only have a job because they have an export market.
 

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